U.S. markets closed
  • S&P 500

    3,825.33
    +39.95 (+1.06%)
     
  • Dow 30

    31,097.26
    +321.83 (+1.05%)
     
  • Nasdaq

    11,127.84
    +99.14 (+0.90%)
     
  • Russell 2000

    1,727.76
    +19.77 (+1.16%)
     
  • Crude Oil

    108.43
    +2.67 (+2.52%)
     
  • Gold

    1,812.90
    +5.60 (+0.31%)
     
  • Silver

    19.77
    -0.51 (-2.50%)
     
  • EUR/USD

    1.0426
    -0.0057 (-0.54%)
     
  • 10-Yr Bond

    2.8890
    -0.0830 (-2.79%)
     
  • GBP/USD

    1.2103
    -0.0072 (-0.59%)
     
  • USD/JPY

    135.1750
    -0.5530 (-0.41%)
     
  • BTC-USD

    19,129.13
    -187.72 (-0.97%)
     
  • CMC Crypto 200

    420.84
    +0.70 (+0.17%)
     
  • FTSE 100

    7,168.65
    -0.63 (-0.01%)
     
  • Nikkei 225

    25,935.62
    -457.38 (-1.73%)
     

Norway central bank chief: rate hike needed to bring down inflation

OSLO, June 23 (Reuters) - Norway's central bank raised its key policy rate by 50 basis points, in its largest single hike in two decades, as there is a need to bring inflation down to the level targeted by the central bank, of 2.0%, the central bank's head said on Thursday.

"There is need for a clearly higher rate to stabilise inflation around the target," Norges Bank Governor Ida Wolden Bache told a news conference. (Reporting by Victoria Klesty, writing by Gwladys Fouche, editing by Terje Solsvik)